Klondike Gold (CVE:KG) Shares Up 9.4% – What’s Next?

Shares of Klondike Gold Corp. (CVE:KG) rose 9.4% during mid-day trading on Friday . The company traded as high as C$0.17 and last traded at C$0.17. 135,211 shares were traded during trading, a decline of 33% from the average session volume of 202,078 shares. The stock had previously closed at C$0.16.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.59 price objective on shares of Klondike Gold and gave the stock a “buy” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$0.59.

Klondike Gold Trading Up 9.4%

The stock has a market capitalization of C$48.67 million, a P/E ratio of -8.00 and a beta of 0.20. The stock’s fifty day moving average price is C$0.16 and its 200 day moving average price is C$0.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.84 and a quick ratio of 2.08.

Insider Activity

In related news, Director Peter Tallman sold 1,250,000 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of C$0.17, for a total value of C$212,500.00. Following the transaction, the director owned 27,623,403 shares of the company’s stock, valued at C$4,695,978.51. This represents a 4.33% decrease in their ownership of the stock. Insiders own 11.16% of the company’s stock.

About Klondike Gold

Klondike Gold Corp., a resource exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold. Its flagship project is the 100% owned Klondike District gold project located in Dawson City, Yukon Territory. The company was formerly known as Arbor Resources Inc and changed its name to Klondike Gold Corp. in January 1996. Klondike Gold Corp. was incorporated in 1978 and is headquartered in Vancouver, Canada.